Deal Insight
Delek acquires Chevron's UK North Sea assets for US$2 billion
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Chevron sells its UK North Sea business to Delek Group subsidiary, Ithaca Energy, for US$2 billion. The deal is transformational for Ithaca, which becomes the UK's fifth-largest producer. Clair is now Chevron's only UK asset as the US supermajor continues to retrench to core positions.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Captain (85%)
- Alba (23.37%)
- Erskine (50%)
- Britannia (32.38%)
- Britannia Satellites - Brodgar (6.25%), Callanish (16.5%) and Enochdhu (50%)
- Alder (73.68%)
- Elgin / Franklin (3.90%)
- Jade (19.93%)
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Chevron
- Delek Group
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
-
Executive summary: Table 1Deal analysis: Table 1Deal analysis: Table 2
-
Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Upstream assets: Table 1
What's included
This report contains:
Other reports you may be interested in
Asset Report
Culzean
The Culzean ultra high temperature/high pressure (uHP/HT) gas and condensate field is the largest gas producer in the UK North Sea and ...
$6,900
Asset Report
Everest
Everest is a large gas and condensate field in the Central North Sea which has been producing since 1993. The field was developed in ...
$3,720
Asset Report
Magnus Area
The Magnus Area includes the huge Magnus oil and gas field and Magnus South, which are among the most northerly fields in the UK North ...
$3,720
